The economic and financial crimes commission (EFCC) says it has convicted over 50 persons for currency racketeering and dollarisation of the Nigerian economy in 2024 alone.

The efcc’s chairman, Ola Olukoyede revealed this in Abuja while the senate committee chairman on anti-corruption and financial crimes,  Emmanuel Udendeon was on an oversight and pre-budget presentation visit with other members of the committee to the corporate headquarters of the EFCC.

Olukoyede  however, described currency racketeering and dollarisation as an act of economic sabotage

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